# Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs - Caixin Global

> Chinese stocks rallied and the yuan strengthened on December 3, 2018, after Xi and Trump agreed to hold off new tariffs at the G20. The White House said both sides would negotiate for 90 days, with tariffs rising from 10% to 25% if no deal is reached, and that China would buy substantial US goods.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/6925-update-china-stocks-rally-after-china-and-u-s-agree-to-delay-new-tariffs-caixin
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The deferred tariff increase on $200 billion of Chinese imports and the pledged Chinese purchases support US soybean and grain export demand.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-12-04 | 5 | +8.7% | 3.5 | The tariff delay and China's pledge to buy US goods reinforced the risk-on trade sentiment that supported grain futures. |
| CORN | 2018-12-03 | 1 | +6.8% | 5.8 | It confirms the Xi-Trump tariff delay and Chinese pledges to buy US goods on Dec 3, the catalyst behind the risk-on move, but it covers Chinese equities and the yuan rather than corn. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-16 | [Two Boatloads of U.S. Soybeans on Their Way to China Despite Tariffs - Caixin Global](https://feedsoft.ai/events/62398-two-boatloads-of-u-s-soybeans-on-their-way-to-china-despite-tariffs-caixin.md) | -3.7% | -2.2% |
| SOY | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -1.7% | -1.7% |
| SOY | 2019-10-23 | [Chinese Buyers Return to Market for U.S. Soy After Tariff Waivers Granted - Caixin Global](https://feedsoft.ai/events/56424-chinese-buyers-return-to-market-for-u-s-soy-after-tariff-waivers-granted-caixin.md) | -1.7% | -2.4% |
| SOY | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.5% | +5.2% |
| SOY | 2019-12-16 | [Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal](https://feedsoft.ai/events/55441-factbox-how-china-tariffs-on-u-s-commodities-energy-stand-after-phase-one-trade.md) | +2.3% | +2.3% |
| CORN | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -2.2% | -1.8% |
| CORN | 2020-12-09 | [China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global](https://feedsoft.ai/events/49503-china-s-grain-imports-surge-30-on-rising-livestock-demand-caixin-global.md) | +1.3% | +9.8% |
| CORN | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.2% | +18.2% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2018-12-03/stocks-rally-after-china-and-us-agree-to-delay-new-tariffs-101354805.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.